[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion]Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao
On October 15th, the construction of the new east station building at Taiyuan Station officially began, marking the comprehensive upgrade of this century old railway hub. To solve the problems of traffic congestion and spatial tension caused by the monopoly of the existing West Station building, a new East Station building with a construction area of approximately 34800 square meters and a main building height of 29.5 meters will be built. The project deeply integrates modern architectural styles and plans to achieve "zero transfer" for various modes of transportation such as conventional railways, high-speed railways, subways, and buses. The project is expected to be put into operation in 2027, which will build a modern comprehensive transportation hub that connects east and west, is efficient and convenient, greatly improving the travel experience of passengers, and providing strong support for urban development. Editor/Cheng Liting
On October 16th, the world's largest single unit tower solar thermal power project, the Kesheng Technology Golmud 350MW project, officially started construction.
The project is located in the Wutumeren Industrial Park in Golmud, Qinghai, with a total investment of approximately 5.435 billion yuan. It adopts advanced technology of "three towers and one machine" and 14 hour molten salt heat storage. The total area of the mirror field is 3.3 million square meters, and it is planned to be connected to the grid by the end of September 2027. After the project is completed, it can provide an average of about 960 million kilowatt hours of clean electricity per year, save 260000 tons of standard coal, and reduce carbon dioxide emissions by 720000 tons. It will serve as a reliable and flexible power source, providing strong support for the large-scale grid connection and consumption of wind and photovoltaic power in Qinghai Province's new energy base. Editor/Cheng Liting